Starknet, an Ethereum
$1,864.60
-based Layer-2 network, is working toward a system where Bitcoin
$81,783.91
and Ethereum operate more seamlessly together.
The Starknet Foundation shared its roadmap on March 11, outlining plans to make Starknet a key processing layer for Bitcoin. The goal is to increase Bitcoin’s transaction speed from 13 per second to thousands while lowering fees and improving efficiency.
The foundation pointed out that most Bitcoin is currently held in wallets or exchanges without much activity. While Bitcoin is often seen as a “digital gold” investment, the foundation believes there is growing interest in using it for more practical applications.
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If successful, this development could bring smart contracts to Bitcoin, allowing for features like lending, staking, and decentralized trading.
Ethereum co-founder Vitalik Buterin weighed in on Starknet’s vision. During a discussion on March 11, he noted that a secure Bitcoin layer 2 could “make crypto payments great again” and improve cross-chain transactions.
Buterin also stated, “If you go back to the white paper, Bitcoin was meant to be a peer-to-peer electronic cash system, and obviously, Layer-1 is not nearly scalable enough for that”.
Starknet is teaming up with Xverse, a Bitcoin Web3 wallet provider, with implementation expected by the second quarter of 2025.
Xverse CEO Ken Liao called this integration Bitcoin’s “DeFi take-off moment”. He stated that wallets should be more than storage tools and should give users access to Bitcoin’s expanding capabilities.
Meanwhile, over 50% of Ethereum’s validators recently supported raising the gas limit. Why? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
